Manpasand Beverages’ Auditor Resigns, Again
A second Manpasand Beverages auditor has quit in little over a year.
Statutory auditor to Manpasand Beverages Ltd. resigned amid a tax probe and top-level exits at the maker of MangoSip juice.
The recent developments including an investigation by Goods and Services Tax authorities, and resignation of directors and the company secretary led the auditor to resign, the beverage maker said in an exchange filing.
Mehra Goel & Co. Chartered Accountants is the second auditor to quit in little over a year. The firm was appointed after Deloitte Haskins & Sells resigned as the company’s auditor in May 2018, citing that the company was not sharing “significant information”.
Manpasand Beverages’ shares tumbled 63 percent since May 24 after top officials of the Vadodara-based beverage maker were arrested for alleged Rs 40-crore fake invoicing related to goods and services tax. That led four directors to quit.
The company is yet to file its results for the fourth quarter ended March.